7 Mar 2014securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Apr 2012securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed the final prospectus for a registered offering.
30 Mar 2012securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a free-writing prospectus - marketing material for an offering in progress.
30 Mar 2012securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement for an offering off its existing shelf.
17 Sept 2010securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed the final prospectus for a registered offering.
16 Sept 2010securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a free-writing prospectus - marketing material for an offering in progress.
16 Sept 2010securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
16 Sept 2010securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement for an offering off its existing shelf.
9 Mar 2009listing compliance notice▼ BadMajor
WEATHERFORD INTERNATIONAL LTD terminated the registration of a class of securities, ending its reporting obligation for them.
5 Mar 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement covering resales by selling shareholders.
26 Feb 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD amended an already-effective registration statement.
26 Feb 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD amended its automatic shelf registration statement.
26 Feb 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD amended an already-effective registration statement.
26 Feb 2009listing compliance notice● NeutralMajor
WEATHERFORD INTERNATIONAL LTD's exchange filed to remove a class of its securities from listing.
26 Feb 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD amended its automatic shelf registration statement.
26 Feb 2009material agreement● NeutralMajor
On February 26, 2009 the move to Switzerland was completed: each Bermuda share was exchanged one-for-one for a Swiss Weatherford share, Bermuda became a subsidiary, and the Swiss shares began trading on the NYSE as WFT that day. The Swiss parent now guarantees the company's listed senior notes, and it assumed the 12.9 million warrants ($15.00 exercise price) and the stock plans and executive employment agreements. The Bermuda entity expects to file to end its own reporting.
26 Feb 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement covering resales by selling shareholders.
17 Feb 2009substantial holder notice● Neutral
Wellington Management Company, LLP reported a WEATHERFORD INTERNATIONAL LTD shareholding of 35,970,900 shares (5.28% of votes) in a periodic institutional filing.
13 Feb 2009substantial holder notice● Neutral
ClearBridge Advisors, LLC reported a WEATHERFORD INTERNATIONAL LTD shareholding of 58,201,085 shares (8.55% of votes) in a periodic institutional filing.
15 Jan 2009material agreement● Neutral
On January 9, 2009 lenders under Weatherford's main credit facilities agreed to the planned move to Switzerland and to the new Swiss parent guaranteeing the debt, with amendments reflecting the new structure. This clears one condition for the redomestication announced in December.
8 Jan 2009debt financing● NeutralMajor
Weatherford sold $1.25 billion of new senior notes on January 5, 2009: $1.0 billion of 9.625% due 2019 and $250 million of 9.875% due 2039, for net proceeds of about $1,233.0 million. The filing says the proceeds will repay amounts outstanding under its credit facilities, and that the planned Swiss parent will also guarantee the notes after the share exchange. Their coupons are well above the 5-7% on the notes sold in 2007 and March 2008.
6 Jan 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement for an offering off its existing shelf.
6 Jan 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a free-writing prospectus - marketing material for an offering in progress.
5 Jan 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed the final prospectus for a registered offering.
5 Jan 2009securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD amended its automatic shelf registration statement.
11 Dec 2008material agreement● NeutralMajor
On December 10, 2008 Weatherford announced a plan to move its incorporation from Bermuda to Switzerland: shareholders would swap their shares one-for-one for shares of a new Swiss company, Weatherford International Ltd. (Switzerland), via a Bermuda court-approved scheme of arrangement. It still needs shareholder approval and Bermuda Supreme Court sanction, and the board can abandon it before it takes effect.
2 Dec 2008securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement covering resales by selling shareholders.
24 Oct 2008material agreement● Neutral
On October 20, 2008 Weatherford signed a $500 million, 364-day credit agreement with a bank group led by UBS AG, Stamford Branch as agent. Barclays is one of the lenders, and director Robert Millard is an officer of a Barclays affiliate. The filing does not say why the facility was arranged or whether anything has been drawn.
1 Oct 2008securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement covering resales by selling shareholders.
26 Sept 2008securities registration● Neutral
WEATHERFORD INTERNATIONAL LTD filed a prospectus supplement covering resales by selling shareholders.